EVERTON HIT WITH NEW POINT DEDUCTION FOR BREACHING FINANCIAL RULES
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Everton have been deducted two points for another breach of the Premier League’s Profitability and Sustainability Rules (PSR).
Before the points deduction was announced, Everton sat 15th in the Premier League table, four points above the bottom three. They now drop below Brentford into 16th place on 27 points, two points and two places above 18th-placed Luton.
According to the written reasons published by the independent commission handling the case, Everton breached their allowed spending of a £105m loss over three seasons by £16.6m. The Premier League and the commission initially wanted to impose a five-point deduction on the club, but it was reduced to two on mitigating factors.
Everton – who argued for a one-point deduction to be deferred until next season – say they and their legal team have “begun the preparations to appeal the Commission’s decision”. Should they confirm that appeal, then a decision on that must be heard by May 25, which is the week after the end of the Premier League season.
Everton were also deducted 10 points in November for exceeding permitted losses by £19.5m over a period ending with the 2021/22 season. However, this was reduced to six points following a successful appeal.
Everton were charged again in January, along with Nottingham Forest, for breaching PSR rules over a period ending with the 2022/23 season. Forest were handed a four-point deduction and have appealed against the decision.
The written reasons for this latest case stated Everton argued multiple mitigating factors – including the fact they already been penalised for some seasons which overlap the new breach, the loss of sponsorship from USM Services due to the Russian invasion of Ukraine and the fact they admitted breach at the first opportunity.
The commission felt the breach is “broadly consistent” with the four-point deduction handed to Nottingham Forest. They added: “At the final stage of the assessment, the Premier League submitted that a sanction of anything less than three points would undermine the integrity of the Premier League and the aims of the PSR.”
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